ImageXpres Reports Third Quarter Revenues, Earnings Increase
October 21 2010 - 12:00PM
Marketwired
ImageXpres Corporation (PINKSHEETS: IMJX), today announced
increases in both revenues and earnings for the third quarter
ending September 30, 2010. Leading the way was the strong
performance gains in acceptance of the Company's newly-launched
FreePrintze™ direct mail photo-ad service by local and national
advertisers. The Company also recorded gains in sales of its
SmartKiosk systems product line, and associated digital advertising
revenues.
For the quarter ending September 30, 2010, the Company recorded
total sales revenue of $678,840, and net income of $84,525, a
significant increase over revenues and net income in third quarter
of 2009. Equally significant is that total sales revenues for this
quarter showed increases in all three of ImageXpres' major product
line areas: Digital Printing, SmartKiosk Systems, and Medical
Solutions. Sales revenue attributed to ImageXpres Printing
Solutions, which includes FreePrintze™ direct mail advertisements,
was $374,650 in third quarter of 2010. This represents a very
strong showing, with the program just now moving out of market
testing to full-scale implementation.
John Zankowski, ImageXpres Corporation president, CEO, states,
"The positive revenue and profits recorded in third quarter of 2010
are a continuation of the business traction now being evidenced by
acceptance of the company's business model, which is focused on
delivering extremely effective advertising results for the
Company's business customers. With a major emphasis on market
development, and with sales of both FreePrintze™ services and
SmartKiosk systems to corporate customers just underway, we
anticipate major revenue growth in both of these product areas
continuing, and accelerating in 2011. The Company recently launched
its www.FreePrintze.com website, and continues to enhance the
functionality and value of the innovative business model, for both
consumers and advertiser business partners. The Company is planning
a major media event to launch the FreePrintze™ on a national scale,
with expectations of reaching millions of consumers who can join
the FreePrintze™ at no charge, and receive weekly photos and other
valuable prizes. In concert with more consumers on board are
associated advertising revenues from small, medium and large
businesses seeking a better way to reach targeted consumers in
their local geographic area."
Mr. Zankowski also comments on the Company's SmartKiosk systems,
"The Company's investment of a major portion of research and
development funds toward the implementation of an enterprise
interactive kiosk and digital signage solution that can provide
significant product differentiation for large retail chains, and
independent, small retail businesses, is proving to be a sound
decision. The company has successfully proven that SmartKiosk
systems can drive incremental business value to locations where
SmartKiosks are in place. Sales of both countertop and pedestal
kiosk units continue to grow, and the Company will soon announce a
new model incorporating the Apple iPad, for added consumer
convenience. As SmartKiosk market trials progress, and customized
software requirements for retail customers are completed, the
Company will be announcing contracts with several major retail
chains, and distributors who service the hotel, entertainment and
gaming industry segments."
The Company's medical healthcare product line, including its
Surg-i-Scan™ surgical Checklist boards, and "digital" Surg-i-Scan™
software app for Apple's iPad, iPod, and iPhone devices, has seen a
marked uptick in customer inquiries and actual sales during the
third quarter. As stated previously, although the Company's
presence in this important, growing market segment, is minimal to
date, total revenues of $67,470 in third quarter of 2010 represent
a modest increase from second quarter. The company is receiving
strong interest from the hospital community, and the Company's
products are well positioned, highly differentiated from the
competition, and priced very competitively.
Mr. Zankowski states, "A major marketing and sales effort is now
underway, and we are in the process of contacting thousands of
hospitals, with strong references from existing medical customers.
The Company expects to achieve significant increases in revenues as
its digital product line becomes more familiar to surgeons, nurses
and other caregivers associated with patient care initiatives
worldwide. We expect sales of customized versions of both the
current analog and digital checklist to accelerate, and we will be
announcing a major contract with a Texas-based healthcare group
shortly."
About ImageXpres
ImageXpres is a digital imaging and printing company,
headquartered in Rochester, NY. ImageXpres develops imaging systems
solutions for commercial printing, consumer photo, health and
business communications market segments. ImageXpres is currently
manufacturing and marketing a family of self-service interactive
digital kiosks, and LitePix Digital Displays, digital signs that
provide unique advertising benefits for business owners. The
Company's website is www.imagexpres.com.
Statements in this press release about the company's future
expectations, including the rate of growth of the Company's
revenues derived from sales of its safety and security products,
and all other statements in this release other than historical
facts, are "forward-looking statements" within the meaning of
Section 27 A of the Securities Act of 1933, Section 21 E of the
Securities Exchange Act of 1934, and as that term is defined in the
Private Securities Litigation Reform Act of 1995. It is important
to note that actual results and ultimate corporate actions could
differ materially from those in such forward-looking statements
based on such factors as changes in consumer demand, satisfaction
or desire for our products for a variety of reasons. Such
"forward-looking statements" are subject to risks and uncertainties
set forth from time to time in the company's reports and financial
statements.
FOR ADDITIONAL INFORMATION, PLEASE CONTACT: John S. Zankowski
President ImageXpres Corporation info@imagexpres.com ph: (585)
292-5177
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